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Burka [1]
3 years ago
13

The customer service department for a wholesale electronics outlet claims 90% of all customer complaints are resolved to the sat

isfaction of the customer. In order to test this claim, a random sample of 15 customers who have filed complaints is selected. Part A
Let x = the number of sampled customers whose complaints were solved to the customer’s satisfaction. Assuming the claim is true, write the binomial formula for the situation. Part B Use the binomial tables (see Table A.1in the text) to find each of the following if we assume that the claim is tru:
Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

Kindly check explanation

Explanation:

Given

Probability of success, p = 0.9

Number of trials = sample size, n = 15

q = 1 - p

The binomial formula for this situation is written as :

P(x = x) = nCx * p^x * q^(n-x)

P(x = x) = 15Cx * 0.9^x * (1-0.9)^(15-x)

(1) For ; P(x ≤ 13).

P(x = 0) + p(x = 1) +... + p(x = 13)

Using a calculator :

P(x ≤ 13) = 0.451 (3 decimal place)

(2) For ; P(x > 10).

Using calculator :

P(x > 10) = p(x = 11) + p(x = 12) +... + p(x = 15)

P(x > 10) = 0.9873

(3) For P(x ≥ 14).

Using calculator ;

P(x ≥ 14) = [p(x = 14) + p(x = 15)]

P(x ≥ 14) = 0.5490

(4) P(9 ≤ x ≤ 12).

P(9 ≤ x ≤ 12) = p(x = 9) + p(x = 10) + p(x = 11) + p(x = 12)

P(9 ≤ x ≤ 12) = (0.001939 + 0.01047 + 0.042835 + 0.128505) = 0.1837

(5) For P(x ≤ 9) ;

Using calculator ;

P(x ≤ 9) = p(x = 0) + p(x = 1) +... + p(x = 9)

P(x ≤ 9) = 0.00225

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The correct answer is letter "A": searching by brand.

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Consumers search by brand when they have decided what product they want to buy but need to compare what one company offers compared to another. This will help consumers differentiate prices, features, and the additional benefits companies offer for selling the same product.

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What is allowable self-employment plan contributions.
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4 0
2 years ago
The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher pri
vaieri [72.5K]

We might expect revenue will rise given that Phoenix is a large city.

<h3>What is a revenue?</h3>

This refers to the income generated from normal business operations which are calculated by average sales price * the number of units sold

Because Phoenix Suns decide to increase their ticket prices for next season, then, we might expect revenue will rise given that Phoenix is a large city.

Therefore, the Option B is correct.

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5 0
2 years ago
A futures contract on a 30 day Eurodollar time deposit is currently selling at an IMM index of 95.75 percent. The IMM index on a
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Answer:

Basis risk for the future contract is 0.65%

Explanation:

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3 years ago
John is 17 years old and he earned $3,500 in a summer job. His grandparents just gave him a gift of $5,000 to help him learn fin
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"John is 17 years old and he earned $3,500 in a summer job. His grandparents just ..."John can contribute $3,500  to an IRA. This is further explained below.

<h3>What is IRA?</h3>

Generally, For those looking to save and invest for their retirement, an individual retirement account (IRA) is a kind of savings account that offers favorable tax treatment.

In conclusion, "John, who is just 17, worked all summer and saved $3,500. Just recently, his grandparents..." John has an annual IRA contribution limit of $3,500.

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2 years ago
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